CTF Written Submission
Letter to the Crypto Task Force
March 14, 2025
- Clear Asset Classification: Define when tokenized RWAs constitute securities under the Howey Test.
- Streamlined Registration: Recommend a blockchain-specific registration pathway, potentially a safe harbor.
- Custody and Market Rules: Modernize custody rules to include tokenized assets and adapt broker-dealer regulations.
Last Reviewed or Updated: April 3, 2025